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Pyth Network Price: Amid the renewed buying interest in the crypto market, the Pyth Network coin managed to rebound the local support of $0.523. The positive turnaround has surged the coin price by 36.5% in just four days to currently trade at $0.71. Along with broader market sentiment, this recovery can be attributed to collaboration with open-source, proof-of-stake public ledger <a href="https://coingape.com/hedera-hbar-price-gains-32-over-last-week-is-1-coming-in-2024/" rel="noopener noreferrer nofollow">Hedera</a> and listing on South Korean cryptocurrency exchanges.
Also Read: <a href="https://coingape.com/markets/5-crypto-to-buy-ready-hit-1b-market-cap/" rel="noopener noreferrer nofollow">Can These 5 Crypto To Buy Hit $1 Billion Market Cap In Q1 2024?</a>
<h2 id="b-pyth-network-price-hits-a-new-all-time-high-of-0-818-b">Pyth Network Price Hits a New All-Time-High of $0.818</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/g/gQEPGnJw.png" alt="OKX:PYTHUSDT Chart " width="1946" height="937">
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 Pyth Network (PYTH) Price| Tradingview
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PYTH, the native token of Oracle network Pyth entered a stable recovery momentum in early January when the price rebounded from the $0.23 support. Within two months, the asset value surged 260% and the market hit a new All-Time High at $0.818.
Along with the broader bullish trend, a high-momentum rally in PYTH is likely linked to a strategic partnership with Hedera and listing announcements on South Korean cryptocurrency exchanges, <a rel="noopener noreferrer nofollow" href="https://x.com/PythNetwork/status/1762341013278859768?s=20">Upbit</a> and <a rel="noopener noreferrer nofollow" href="https://x.com/PythNetwork/status/1762355745159287142?s=20">Bithumb</a>.
In a significant development for the decentralized finance (DeFi) sector, Pyth Network has announced the integration of its price feeds with the Hedera network, offering developers access to over 400 financial data feeds. This collaboration marks a pivotal step towards enhancing smart contract applications by providing reliable, real-time financial information.&nbsp;
Developers on Hedera can now seamlessly incorporate these feeds into their projects, paving the way for innovative DLT-powered financial services. This move is set to empower the DeFi community, enabling builders to leverage high-fidelity market data for a wide range of applications.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Today, we are excited to reveal a partnership with the <a href="https://twitter.com/HBAR_foundation?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@HBAR_foundation</a> to bring all 400+ Pyth Price Feeds to <a href="https://twitter.com/hedera?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@hedera</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f52e.png" alt="🔮" class="wp-smiley" style="height: 1em; max-height: 1em;">
 HLiquity is the first DeFi application on Hedera to be Powered by Pyth.
 Learn more about this launch below:
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2139.png" alt="ℹ" class="wp-smiley" style="height: 1em; max-height: 1em;"> About the HBAR Foundation
 The HBAR… <a href="https://t.co/dRbFRwgpBG" rel="noopener noreferrer nofollow">pic.twitter.com/dRbFRwgpBG</a>
 — Pyth Network <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f52e.png" alt="🔮" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@PythNetwork) <a href="https://twitter.com/PythNetwork/status/1762133213399445552?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 26, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Also Read: <a href="https://coingape.com/crypto-prices-today-bitcoin-nears-56k-ethereum-at-3200-as-pepe-rallies-52/" rel="noopener noreferrer nofollow">Crypto Prices Today: Bitcoin Nears $56K, Ethereum Above 3,200 As PEPE Rallies 52%</a>
<h2 id="b-constructive-pullback-hints-rally-beyond-0-8-b">Constructive Pullback Hints Rally Beyond $0.8</h2>
The PYTH price managed to rebound from the last correction trend above the 38.2% <a href="https://coingape.com/glossary/fibonacci-retracement/" rel="noopener noreferrer nofollow">Fibonacci retracement level</a>. Such pullbacks are considered healthy for an asset as they indicate the revival of exhausted bullish momentum for a higher rally.&nbsp;
With an intraday gain of 20%, the PYTH price provided a decisive breakout from this last swing high resistance of $0.684. As per the Fibonacci extension tool, the post-breakout rally may prolong the ongoing rally to $0.8, followed by $0.98.
<h2 id="b-technical-indicator-b">Technical Indicator&nbsp;</h2>
<ul>
 <li style="font-weight: 400;" aria-level="1">Average Directional Index: The ADX slope wavering at a high of 38% indicates the buyers would need further pullbacks to maintain momentum.&nbsp;</li>
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The fast-moving 20 <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">EMA</a> slope may act as the first line of defense in case of potential pullbacks.</li>
</ul>
The post <a href="https://coingape.com/markets/is-pyth-network-pyth-price-1-hedera-integration-listings/" rel="noopener noreferrer nofollow">Is Pyth Network (PYTH) Price Heading to $1? Hedera Integration and New Listings Boost Momentum</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Is Pyth Network (PYTH) Price Heading to $1? Hedera Integration and New Listings Boost Momentum

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